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Dec 6, 2012
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you and i were into the fiscal cliff and the disails. we believe the country is at risk and our kids and grandkids. we sent ainsle ainsley earhardto the streets to ask people what they know about the fiscal cliff. it was a little chilling. take a look. >> what is the fiscal cliff? >> we're from new mexico out here to clean up. >> no idea. >> the cliff? how tall is it? >> i have no idea. >> where is it? >> can i google it? >> bad news. it's bad news. fiscal cliff. >>> end of the world, apparently, right. >> if you wanted to take one of these cliff bars, if you wanted to take one that tasted like the fiscal cliff. >> which one would you choose and why? the one that tastes like crap. >> we're all going to fall off the face of the earth. >> they need to fix it. that's what they're paid for. >> what happens if they don't? >> we're going to lose some money. >> it reminds me of something i learned in school, i'm going to guess some like of cliff, avalanche. >> how tall is it? >> i'd say at least like 370 some feet. >> i don't know. it sounds li
you and i were into the fiscal cliff and the disails. we believe the country is at risk and our kids and grandkids. we sent ainsle ainsley earhardto the streets to ask people what they know about the fiscal cliff. it was a little chilling. take a look. >> what is the fiscal cliff? >> we're from new mexico out here to clean up. >> no idea. >> the cliff? how tall is it? >> i have no idea. >> where is it? >> can i google it? >> bad news. it's bad...
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Dec 3, 2012
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and the fallout from the fiscal cliff could put even more pressure on unemployed americans, or those just trying to keep up with house payments. except more ups and downs for your investments ahead, but not so much because of big numbers out this week, among them, an important reading on manufacturing tomorrow, and then, what is often the biggest market mover of any month, the jobs report. november's release before the bell on friday. the cliff will likely overshadow even that. and with tax increases looming on capital gains and dividends, investors may start selling before the end of the year to get the better deal if there is no deal. that means, december may not live up to its history of heading higher and leave many questions about what the new year will mean for your bottom line. harris, back to you. >> brenda, thank you very much. >> and a fox news weather alert. people in parts of northern california and the pacific northwest dealing with dangerous amounts of rain. las of storms batthering the same region for days now, causing flooding. well, look at this. and raising fears no
and the fallout from the fiscal cliff could put even more pressure on unemployed americans, or those just trying to keep up with house payments. except more ups and downs for your investments ahead, but not so much because of big numbers out this week, among them, an important reading on manufacturing tomorrow, and then, what is often the biggest market mover of any month, the jobs report. november's release before the bell on friday. the cliff will likely overshadow even that. and with tax...
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Dec 2, 2012
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fiscal cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. >> the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had stimulus spending in here that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. >> reporter: secretary geithner says the white house $4 trillion plan has 2 to 1 ratio of cuts to spending increases. but everything we heard from speaker boehner suggests the $1.6 trillion in new revenue the white house wants is too much. especia
fiscal cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what...
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Nov 29, 2012
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cliff. as the january 1st deadline looms large over washington, republican heavyweights from house speaker john boehner to majority leader eric cantor announced yet again today they're willing to make major concessions to the democrats in order to avert disaster. take a look. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts. >> we have done our part. we have put revenues on the table. something that we dtdn't do two yearyears ago during the debt ceiling negotiations. >> sean: we'll get into what, quote, unquote, revenue really means, and whether it includes tax hikes. as you just heard from the republican leadership they're offering up real solutions on how to avoid falling often the so-called fiscal cliff. the president however still thinks he's out there on the campaign trail, in fact using the
cliff. as the january 1st deadline looms large over washington, republican heavyweights from house speaker john boehner to majority leader eric cantor announced yet again today they're willing to make major concessions to the democrats in order to avert disaster. take a look. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's...
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is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the deal are going to look like. and what i see is john boehner trying to sort of protect his caucus at this point because he probably understands that at the end of the day, that top rate is going to go up. and republicans are in a really awkward position because right now essentially they're just defending the tax cut for the top 2%. at the same time, the white house's public posture is to say well, no, we don't want to go over the fiscal cliff because you don't want to send that message to the markets. but then behind the scenes you sort of get the feeling they'd be willing to do it and they'd be okay at least
is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the deal are going to look like. and what i see is john...
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. >> we have no idea what the white house is willing to do. >> beware, there's a fiscal cliff ahead, but there's still no plan from the president on how to cut spending. >> made a mistake, but i didn't. almost 18, almost 20 years ago. >> a former democratic representative who was convicted of having sex with an underage girl says he's back, and he's running for congress. all of that, plus a shocking new report that gitmo detainees may be coming to america. "hannity" starts right here, right now. new troubles for u.n. ambassador susan rice this as questions surface about her time at the state department when al-qaeda bombed two african embassies in the late '90s, and how the situation parallels what happened prior to the terror attack in benghazi that left four americans dead. yesterday republican senator susan collins met with ambassador rice for 90 minutes, and after the closed-door meeting the senator questioned rice's role at the state department back in 1998 when she served as the assistant secretary of state for african affairs in the clinton administration. watch this. >> those
. >> we have no idea what the white house is willing to do. >> beware, there's a fiscal cliff ahead, but there's still no plan from the president on how to cut spending. >> made a mistake, but i didn't. almost 18, almost 20 years ago. >> a former democratic representative who was convicted of having sex with an underage girl says he's back, and he's running for congress. all of that, plus a shocking new report that gitmo detainees may be coming to america....
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Nov 30, 2012
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i think the housing cycle is so darn strong, it can trump the ills of the fiscal cliff, at least once it's sorted out. ultimately the cliff will be sorted out. of the three housing-related ipos, you need to be careful with zillow and trulia, the only one i will endorse is realogy, and only if it comes down to a level where it's cheap. how about michael in california, please? michael. >> caller: boo-yah to you, jim. with a solid dividend that pays monthly at almost a 16% yield, its current valuation a dollar beneath book value, isn't a.r.r. a great value? >> you know what? i have thought it was. this is another one of those real estate mortgage reits that i have somewhat been mystified about the price performance. someone asked about this on the street, and i said i think it should be doing better. i agree, i think it's an okay buy. john in oregon, please. >> caller: boo-yah, jimmy, how are you? >> boo-yah back at you. >> caller: residential home builders, i bought in about six or eight months ago, i have about four of them right now. it seems like the market's flattened out as far as
i think the housing cycle is so darn strong, it can trump the ills of the fiscal cliff, at least once it's sorted out. ultimately the cliff will be sorted out. of the three housing-related ipos, you need to be careful with zillow and trulia, the only one i will endorse is realogy, and only if it comes down to a level where it's cheap. how about michael in california, please? michael. >> caller: boo-yah to you, jim. with a solid dividend that pays monthly at almost a 16% yield, its current...
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Dec 1, 2012
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the fiscal cliff is a serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> welcome tt colonel, editorial report, i'm paul gigot, not a meeting of the minds between president obama and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any final deal. wall street journal columnist and dan henninger, and mary an anna-- anastasia o'grady and kim strassel. you've been talking it it sources and is the mood as hour as it sounds. >> it is by the end of this week and here is why, the republicans came out right after the election and said to the president, you want revenue here. you want revenue on the wealthy, we'll give it to you, limiting tax deductions for the wealthy. the president instead of taking that and running with tceiling a deal has been campaigning for tax hikes and to cap it off sent treasury secretary tim geithner to congress wit
the fiscal cliff is a serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> welcome tt colonel, editorial report, i'm paul gigot, not a meeting of the minds between president obama and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any...
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Dec 4, 2012
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there are late breaking developments tonight related to the fiscal cliff battle being waged in washington. now, late this afternoon house speaker john boehner sent a letter to the president detailing a bold counter offer to the administration's plan. the g.o.p. proposal does not include a tax increase on the so-caldwell thee but does contain $800 billion in revenue through tax reform, another $600 billion in health savings and much more. all told, the net savings amount to around 2.2 trillion dollars. the white house responded to this letter by saying that the president is, quote, willing to compromise but not on the subject of making job creators pay more in taxes. however, what our tax and spend commander-in-chief fails to understand is that putting money into the hands of you, the american people, is the single best way to spur economic growth, and it's not just people like ronald reagan who understand this principle. bill clinton famously said the era of big government is over and the end of wel welfare as we know it. why? because government is not the answer. government is the proble
there are late breaking developments tonight related to the fiscal cliff battle being waged in washington. now, late this afternoon house speaker john boehner sent a letter to the president detailing a bold counter offer to the administration's plan. the g.o.p. proposal does not include a tax increase on the so-caldwell thee but does contain $800 billion in revenue through tax reform, another $600 billion in health savings and much more. all told, the net savings amount to around 2.2 trillion...
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is our plunge off the fiscal cliff inevitable? >> and secretary of state stiewfn rice, the ambassador still getting a ton of support from the white house but benghazi may not be the only blemish on her record. >> and baby jesus benched and now frosty the snowman starring in school's nativity scene? why do atheist have more rights when it comes to the constitution? "fox & friends" hour two starts right now. >> sparkles all over. >> you guys looked very pretty in your sweater? >> dapper? >> pretty. >> send us your ugly christmas sweater photos this morning. friends at foxandfriends.com. >> did you guys plan this? >> no. >> we are wearing the exact same tie. >> we didn't plan. this didn't call each other ahead of time like ladies do. >> it's reichmuth's fault. he actually picked mine out. let's talk about the fiscal cliff which we appear to be speeding towards every day because there is nothing that even resembles a compromise on capitol hill. the president offered up his proposal this week and it was met with. [ laughter ] by some r
is our plunge off the fiscal cliff inevitable? >> and secretary of state stiewfn rice, the ambassador still getting a ton of support from the white house but benghazi may not be the only blemish on her record. >> and baby jesus benched and now frosty the snowman starring in school's nativity scene? why do atheist have more rights when it comes to the constitution? "fox & friends" hour two starts right now. >> sparkles all over. >> you guys looked very...
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first, though, the fiscal cliff looms ever nearer, the house speaker, among many others, sounding very pessimistic today. are we headed over the edge? and after the election in a bruising defeat, what's next for the republican party? we'll talk to one top outgoing gop senator. good sunday afternoon to you, you are watching msnbc, the place for politics. there are no signs right now of a break in the deadlocked talks to avert the so-called fiscal cliff, the devastating combinations of tax increase and spending cuts that kick in january 1st. both sides seem to dig in this morning on the sunday talk shows. >> the only thing standing in the way of that would be a refusal by republicans that the rates would have to go up on the wealthiest americans, and i don't really see them doing it. >> right now, i would say we're nowhere, period, we're nowhere. >> that somber assessment today from house speaker john boehner, as geithner, the point man, went on all five sunday talk shows, cnbc, washington correspondent aman javers joining me live now. did geithner offer anything new today? >> he really
first, though, the fiscal cliff looms ever nearer, the house speaker, among many others, sounding very pessimistic today. are we headed over the edge? and after the election in a bruising defeat, what's next for the republican party? we'll talk to one top outgoing gop senator. good sunday afternoon to you, you are watching msnbc, the place for politics. there are no signs right now of a break in the deadlocked talks to avert the so-called fiscal cliff, the devastating combinations of tax...
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Dec 5, 2012
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the fiscal cliff could be a big deal for sure. but what could trump the fiscal cliff, study this. it's the need to get out of your mother-in-law's house. get your own home. intuitive concept for those, when you think about it. we got to break here as toll brothers actually down on the news today because the market's so darn tough. i expect downgrades tomorrow from people who don't believe things can stay this strong and that could be your strong to be analysts who always downgrade ar the report. here's the bottom line. we need hope to be vanquished. we need it spindled, mutilated. chex out the holders, thinking it's imminent and leave the room and then return to what i've been tracing and huge cycles of pent-up demand. buy them on the way down. never on the way up. you can take your time. do not leave this market wholesale. who the heck knows when and from what level you can get back in. why don't we go to tom in new york. tom? >> caller: hi, jim. could this offset same-store sales and make it a buy? >> i think it moved already. one of those stocks that moves in gigantic gobs, to
the fiscal cliff could be a big deal for sure. but what could trump the fiscal cliff, study this. it's the need to get out of your mother-in-law's house. get your own home. intuitive concept for those, when you think about it. we got to break here as toll brothers actually down on the news today because the market's so darn tough. i expect downgrades tomorrow from people who don't believe things can stay this strong and that could be your strong to be analysts who always downgrade ar the...
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we appreciate it. >> thank you. >> dave: and more on "fox & friends," and the fiscal cliff, how far is it now. we're back in two. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with uimited talk and text. by htc for $49.99. >> good morning, everyone, sunday, december 22nd, 2012. i'm alisyn camerota. the clock is ticking we're weeks away from going over that fiscal cliff. who does the president blame? republicans. >> it's unacceptable for some republicans of congress to hold middle class tax cuts hostage simply because they refuse to let the tax rates go up on the wealthiest americans? >> where is the compromise this morning? we'll see if we can find it. >> and he gave the homeless man a fair boost on a freezing evening. now, the officers think the act of kindness keeps getting better and updates on that heart warming story. >> plus, 'tis the season to steal. thieves may be lurking around your doorstep, tips how to protect your presents straight ahead. i've been worried about t
we appreciate it. >> thank you. >> dave: and more on "fox & friends," and the fiscal cliff, how far is it now. we're back in two. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with uimited talk and text. by htc for $49.99. >> good morning, everyone, sunday, december 22nd, 2012. i'm alisyn camerota. the clock is ticking...
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some very insightful reporting. >>> 31 days out to the fiscal cliff. we will go live to see what the president is saying to house leaders and whether that will keep us any further away from the edge. >>> also, how did the president capture the latino vote? was it as simple as embracing immigration reform or was it something else? we'll talk about that, as well. you're watching msnbc, the place for politics. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills.
some very insightful reporting. >>> 31 days out to the fiscal cliff. we will go live to see what the president is saying to house leaders and whether that will keep us any further away from the edge. >>> also, how did the president capture the latino vote? was it as simple as embracing immigration reform or was it something else? we'll talk about that, as well. you're watching msnbc, the place for politics. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain...
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Dec 4, 2012
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jenna: with the united states heading towards that fiscal cliff house republicans are now offering up a plan of their own to avert that combination of spending cuts and tax hikes. it's set to welcome us all on january 1st if they don't have an agreement. i'm jenna lee. jon: some kind of welcome that would be. i'm jon scott. within hours of seeing the proposal the white house slammed the g.o.p. offer saying quote their plan provides nothing new and provides no details on what deductions they'll limb nature, loopholes they will close or which medicare savings they would achieve. house speaker john boehner inc insists his offer is the best one on the table calling it a credible plan that deserves serious consideration by the white house. jenna: mike emanuel is with us. certainly a challenge to find this ideal plan. what is holding it up. >> reporter: the chairman of the senate budget committee wants a large come proceed hence i have deal in the range of $5 trillion and says a grand bargain can get done if everybody kaoels cool and doesn't overreact to every valley over the net. he this i
jenna: with the united states heading towards that fiscal cliff house republicans are now offering up a plan of their own to avert that combination of spending cuts and tax hikes. it's set to welcome us all on january 1st if they don't have an agreement. i'm jenna lee. jon: some kind of welcome that would be. i'm jon scott. within hours of seeing the proposal the white house slammed the g.o.p. offer saying quote their plan provides nothing new and provides no details on what deductions they'll...
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will house speaker boehner fold on the fiscal cliff? tweet me or find me on facebook. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all sta
will house speaker boehner fold on the fiscal cliff? tweet me or find me on facebook. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request...
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Dec 1, 2012
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house speaker john boehner yesterday talking about the fiscal cliff declaring that a stalemate now exists. as both sides dig in their heels. the gop demanding entitlement cuts in exchange for revenue. nancy pelosi, meanwhile, threatening to take action to enforce a vote on extending middle class tax cuts if republican leaders don't bring it to the floor next week. want to bring in democratic congressman peter welch from vermont. congressman welch, always a pleasure. let's talk -- >> thank you. >> let's talk about entitlements here. are you willing to put entitlements on the table if republicans agree to more revenues through tax increases on the wealthy? >> yes. and the president is, too. essentially the president has made an opening offer. $1.6 trillion in new revenue from the top 2% and about $400 billion in medicare savings over the course of the next ten years. now, the next move, actually, is speaker boehner's counteroffer, whatever that may be. he has a very tough position and my view, the speaker understands that mitt romney, who ran on the platform of not raising taxes lost and th
house speaker john boehner yesterday talking about the fiscal cliff declaring that a stalemate now exists. as both sides dig in their heels. the gop demanding entitlement cuts in exchange for revenue. nancy pelosi, meanwhile, threatening to take action to enforce a vote on extending middle class tax cuts if republican leaders don't bring it to the floor next week. want to bring in democratic congressman peter welch from vermont. congressman welch, always a pleasure. let's talk -- >> thank...
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. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase on the debt limit, like forever. four days ago we offered a serious proposal, based on testimony of president clinton's former chief of staff. since then, there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the cliff. instead of cutting spending, the president want to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. listen, washington has a spending problem, not a revenue problem. and if the president doesn't agree with our proposal, i believe he has an obligation to families and small businesses, t
. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase on the debt limit, like forever. four days ago we offered a serious proposal, based on testimony of president clinton's former chief of staff. since...
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>> as you well know, the fiscal cliff we're talking about has all kinds of components to it. it's the estate tax death tax, capital gains, dividend, alternative minimum tax, all the things that will harm a vast majority of americans from a tax standpoint in a significant and fundamental way. we believe those rates ought no increase. the president is willing to play politics and take us to the brink of raising those tax rates on virtually every single american. that's not what we believe is the kind of activity will get our economy and jobs rolling again. >> the white house will argue they're not the ones holds out to protect the top 2%, that it's the republicans doing that. >> great point, chris, the problem is what the president is holding out for is a nonsolution. the tax increases that the president wants on the top 2% will run this government not for eight years or eight weeks or eight weeks but run this government for eight days, which means it's not a solution. the president is not interested in real policy solutions by evidenced by what he has proposed, he's interested
>> as you well know, the fiscal cliff we're talking about has all kinds of components to it. it's the estate tax death tax, capital gains, dividend, alternative minimum tax, all the things that will harm a vast majority of americans from a tax standpoint in a significant and fundamental way. we believe those rates ought no increase. the president is willing to play politics and take us to the brink of raising those tax rates on virtually every single american. that's not what we believe...
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it's 29 days until the nation could fall off the fiscal cliff are the two sides closer, to avoid the massive tax increases and budget cuts? not according to house speaker john boehner. >> right now i would say we're nowhere. period. we're nowhere. >> the only thing standing in the way of that would be a refusal by republicans to accept the rates that are going to have to go up on wealthiest americans. i don't really see them doing that. >> nbc news white house correspondent, mike viquiera joining me now. treasury secretary timothy geithner, president obama's point man in these fiscal cliff negotiations, ran the gauntlet this morning. he appeared on all five sunday talk shows, including "meet the press" of course, what else did he say? >> craig, you know if we're in the posturing stage and a lot of people think we're still in the posturing stage with, 29 or 30 days to go. we better hope that they're just posturing, because after the period of optimism, the post-election talk of compromise, you remember john boehner came out the day after the election, the president spoke about comprom
it's 29 days until the nation could fall off the fiscal cliff are the two sides closer, to avoid the massive tax increases and budget cuts? not according to house speaker john boehner. >> right now i would say we're nowhere. period. we're nowhere. >> the only thing standing in the way of that would be a refusal by republicans to accept the rates that are going to have to go up on wealthiest americans. i don't really see them doing that. >> nbc news white house correspondent,...
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, they'll have to pass it staring down the fiscal cliff. >> but here's the thing. both sides acknowledge that you're not going to get a deal done without some sort of change to entitlements. specifically medicare. >> well, i'm not so sure what that means when you say it's some sort of change. some sort of structural change to medicare? i'm not sure that has to be on the table. i do think, though, that we do have to have some spending cuts and the president has acknowledged that, as well. but the basis of the problem is you have to have -- the republican party is intransigent about the idea of tax increases and the taxes will grow up after december 31st regardless of what happens. if you don't do anything, they'll go up. so you have to do something. you'll have 98% of the american people who will get a tax cut under president obama's proposal, 97% of american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is
, they'll have to pass it staring down the fiscal cliff. >> but here's the thing. both sides acknowledge that you're not going to get a deal done without some sort of change to entitlements. specifically medicare. >> well, i'm not so sure what that means when you say it's some sort of change. some sort of structural change to medicare? i'm not sure that has to be on the table. i do think, though, that we do have to have some spending cuts and the president has acknowledged that, as...
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totally have nothing to say about this in the fiscal cliff. right back. you ever notice that some people just have a knack for giving the perfect gift? they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax multi-tool starter kit and get a free head attachment. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be ab
totally have nothing to say about this in the fiscal cliff. right back. you ever notice that some people just have a knack for giving the perfect gift? they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax multi-tool starter kit and get a free head attachment. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked...
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in the fiscal cliff negotiations. let's take a look at the gop offer. this is their version. it cuts $2.2 trillion from the deficit over ten years. that number also includes entitlement reforms raising the age for social security and medicare and so forth as well as $800 billion that they say they would throw into the pot in new tax revenue that would come from tax reform, from cutting tax loopholes and the like. joined now, very pleased to have with us california republican ken mccarthy, the house majority whip. congressman, welcome. good to see you this morning. >> thanks for having me. martha: so you put your number out there, you know, all kinds of response across the board this morning saying that it is, you know, equally laughable, ridiculous. there's no way that the white house is going to counter that offer. what do you think about that? >> well, i think that's sad, because think about what this president said when he campaigned. he said he wanted a balanced approach. he said he wanted 800 billion in revenue a
in the fiscal cliff negotiations. let's take a look at the gop offer. this is their version. it cuts $2.2 trillion from the deficit over ten years. that number also includes entitlement reforms raising the age for social security and medicare and so forth as well as $800 billion that they say they would throw into the pot in new tax revenue that would come from tax reform, from cutting tax loopholes and the like. joined now, very pleased to have with us california republican ken mccarthy, the...
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the fiscal cliff, a bipartisan group of governors arrives in washington for a meeting. >> our focus today was not to endorse a specific plan nor to dismiss a specific plan, but rather to point out, as gary mentioned, as governors, we think it's important that we have a seat at the table. >> flash point serious, secretary clinton in brussels where nato leaders are sending patriot anti-defense missiles to turkey and warning syria of any thought of using chemical weapons. prince william leaves the hospital after visiting kate. she remains hospitalized for severe morning sickness. good day. i'm amount li-- andrea mitchell live in washington. the senate has managed to vote on something, rejected a u.n. treaty to extend rights to the blind and disabled, rights that have been the law of the land here in the united states since 1990. despite an emotional appearance from bob dole just out of walter reed, 89 years old, a passionate advocate for equal rights for the disabled since his first speech on the senate floor in 1969. joining me for our daily fix, kra, managing editor of post politics.
the fiscal cliff, a bipartisan group of governors arrives in washington for a meeting. >> our focus today was not to endorse a specific plan nor to dismiss a specific plan, but rather to point out, as gary mentioned, as governors, we think it's important that we have a seat at the table. >> flash point serious, secretary clinton in brussels where nato leaders are sending patriot anti-defense missiles to turkey and warning syria of any thought of using chemical weapons. prince...
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help push his position on the negotiations over the fiscal cliff. and so what's happening is that you've got groups all over the country, making phone calls, canvassing, getting out there and putting pressure on lawmakers, republican lawmakers in the house and also democrats in the senate. to make clear what public opinion is. and to push them to compromise and to go with the white house, particularly on those tax rates for the wealthiest americans. one of the things they're doing at the holiday season is they've taken some classic american holiday tunes and rewritten the lyrics and they're sending carolling groups to congress at offices in the states. >> hey, robert, i want to take a look at the title of a new "washington post" article. the title, a detached romney tends wounds in seclusion after failed white house bid. the headline is brutal. can you interpret what mitt romney's life entails right now? >> 25 years after losing the white house in 1972 to richard nixon. george mcgovern was asked in the mid 1980s, how do you get over losing the white
help push his position on the negotiations over the fiscal cliff. and so what's happening is that you've got groups all over the country, making phone calls, canvassing, getting out there and putting pressure on lawmakers, republican lawmakers in the house and also democrats in the senate. to make clear what public opinion is. and to push them to compromise and to go with the white house, particularly on those tax rates for the wealthiest americans. one of the things they're doing at the...
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cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids
cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know,...
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. >>> apparent progress in the so-called fiscal cliff talks. it appears both sides may be digging in their heels. nbc's mike viqueira joins me from the white house with the very latest. if there's anything new to report. seems like everyone is in their own separate corners, mike. >> reporter: it's no longer november. this is december 1st. it's a new month, the last month before we go over the fiscal cliff. now both sides after a lot of bipartisan talk of compromise in that post-election period, alex, it turns out what we have now a typical washington standoff. >> the president of the united states. >> reporter: visiting a toy factory outside philadelphia, the president urged congress to act and avoid the fiscal cliff. if not, he says, taxes go up for everyone, including the middle class. >> it's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> reporter: with the election over the president has begun a new kind of campaign, for votes in congress. a series of white house meetings with business leaders, a grassro
. >>> apparent progress in the so-called fiscal cliff talks. it appears both sides may be digging in their heels. nbc's mike viqueira joins me from the white house with the very latest. if there's anything new to report. seems like everyone is in their own separate corners, mike. >> reporter: it's no longer november. this is december 1st. it's a new month, the last month before we go over the fiscal cliff. now both sides after a lot of bipartisan talk of compromise in that...
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hold the phone, the president and speaker of the house did hold a fiscal cliff phone call. but there is still one big problem. the white house still doesn't want to budge. >> we saw no prospect for an agreement that doesn't involve the rates going up on the top 2%. >> gretchen: but isn't government spending the real problem? why aren't we hearing a lot about that, a lot of dough being thrown around. >> brian: how much do you know about the fiscal cliff? >> it reminds me about something i probably learned in school. but some type of cliff, the economy going pow. >> isn't that the government? this is embarrassing. >> brian: how many people really know what it is and what it means? we hit the streets. >> steve: indeed, and bob costas and his no spin zone to defend his half time gun control rant. what did he say and what does former nfl player think? he will join us live to react this hour. "fox & friends" hour two for thursday starts right now. >> gretchen: i thought the same thing that scarlet johansson was in times square answering ainsley's question. i thought what, a lucky
hold the phone, the president and speaker of the house did hold a fiscal cliff phone call. but there is still one big problem. the white house still doesn't want to budge. >> we saw no prospect for an agreement that doesn't involve the rates going up on the top 2%. >> gretchen: but isn't government spending the real problem? why aren't we hearing a lot about that, a lot of dough being thrown around. >> brian: how much do you know about the fiscal cliff? >> it reminds me...
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comes face to face with the fiscal cliff. tonight on "special report," house speaker john boehner says there has been no progress in negotiations with the president. he is again calling on mr. obama to come up with a new proposal. vice president joe biden says a deal could be done in 15 minutes. all this comes as the government announces a gain of 146,000 jobs in the month of november. the unemployment rate fell to 7.7%. that is the lowest in four years but that was mostly due to people who stopped looking for work. both sides agree the u.s. does not want to follow down the path of greece. what is to blame there? too much austerity or too much taxation? we'll look at the problems inside his own party, for speaker boehner. it's friday. that means the lightning round with the panel. "special report" from washington starts at 6:00 eastern. now back to new york and "the five." ♪ ♪ >> bob: kay. there is music for you. on december 3 last year, 16-year-old tyler alfred from oklahoma was driving under the influence and crashed hi
comes face to face with the fiscal cliff. tonight on "special report," house speaker john boehner says there has been no progress in negotiations with the president. he is again calling on mr. obama to come up with a new proposal. vice president joe biden says a deal could be done in 15 minutes. all this comes as the government announces a gain of 146,000 jobs in the month of november. the unemployment rate fell to 7.7%. that is the lowest in four years but that was mostly due to...
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cliff. >>> and a highway tunnel comes crashing down while cars are inside, igniting a fire. several people may still be trapped. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. but when i was in an accident...
cliff. >>> and a highway tunnel comes crashing down while cars are inside, igniting a fire. several people may still be trapped. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org....
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john boehner, the speaker of the house is speaking out now about the fiscal cliff, let's listen in. >> the bigger problem here, which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough, it exists because washington continues to spend too much. and raising taxes on small businesses instead of taking a balanced approach that also cuts spending is wrong. it's only going to make it harder for our economy to grow. and if our economy doesn't grow, americans don't get new jobs. and the debt problem that we have will continue to threaten our children's future. as i said the day after the election, republicans are not seeking to impose our will on the president. we're seeking a bipartisan solution that can pass both chambers of congress and be signed into law by the president in the coming days. now, during the campaign the president pledged to the american people that he would seek a balanced approach to addressing the debt, a combination of new revenues and spending cuts. so the day after the election i said the republican majo
john boehner, the speaker of the house is speaking out now about the fiscal cliff, let's listen in. >> the bigger problem here, which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough, it exists because washington continues to spend too much. and raising taxes on small businesses instead of taking a balanced approach that also cuts spending is wrong. it's only going to make it harder for our economy to grow. and if our...
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treasury secretary's geithner's presentation of the white house's proposal to avoid the fiscal cliff falls in line with that. the headline is $1.6 trillion in new taxes multi-year stimulus package starting with at least $50 billion in 2013 alone and the white house also wants the ability to raise the debt limit permanently unless two-thirds of congress vote against it. something also attached, about $400 billion in spending cuts not enough for republicans. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. going over the fiscal cliff is serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> the white house says they are willing to do tough things to compromise, so now it's time for republicans in washington to ask the wealthiest americans to pay higher tax rates. >> asking for a political price be paid in order for congress to do its job to insure that the united states of america pays its bills and does not default for the first time in its history is deeply irres
treasury secretary's geithner's presentation of the white house's proposal to avoid the fiscal cliff falls in line with that. the headline is $1.6 trillion in new taxes multi-year stimulus package starting with at least $50 billion in 2013 alone and the white house also wants the ability to raise the debt limit permanently unless two-thirds of congress vote against it. something also attached, about $400 billion in spending cuts not enough for republicans. >> i'm disappointed in where we...
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martha: the fiscal cliff, president obama and house speaker john boehner set to have a face-to-face meeting, one-on-one. we're waiting to hear from speaker boehner in just about 50 minutes away now. we'll bring you that live. bill: also, it has been 40 years, four full decades since the last man stepped on the moon. that was an american. his name is gene cernan. we'll talk to hem this hour. the last person to see the moon's craters up close and personal. >> ♪ i was stroeling on the moon one day, in a merry, merry of month of -- december. >> may, may. ♪ much to my surprise a pair of eyes, -- >> this is a neat way to travel. [ female announcer ] food, meet flavor. flavor, meet food. it's time for swanson flavor boost. concentrated broth in easy to use packets. mix it into skillet dishes, for an instant dose of... hell-o! [ female announcer ] get recipes at flavorboost.com. bill: we now have a verdict for a bus driver on trial for manslaughter. it will be revealed this morning although the verdict was reached yesterday because a juror had to leave the courthouse for a doctor's appointment.
martha: the fiscal cliff, president obama and house speaker john boehner set to have a face-to-face meeting, one-on-one. we're waiting to hear from speaker boehner in just about 50 minutes away now. we'll bring you that live. bill: also, it has been 40 years, four full decades since the last man stepped on the moon. that was an american. his name is gene cernan. we'll talk to hem this hour. the last person to see the moon's craters up close and personal. >> ♪ i was stroeling on the moon...
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he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to really slash the federal budget. a group called citizens against government waste is calling for nearly $2 trillion in cuts the next five years. doug mckelway is live with the story. doug, how realistic is that goal? >> reporter: how realistic is the goal? not realistic at all. let's be honest about this. at least it is a benchmark we can strive for. citizens against government waste went through the federal budget, they identified $392 billion in cuts. $1.8 trillion in cuts over next five years. which totals 11% of the federal budget, none which touches the most c
he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to...
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cliff deal with the white house. outside conservative groups are voicing their displeasure saying speaker john boehner could even lose his speakership. carl cameron joins us live in washington. so he has a lot of problems with conservatives right now, car. >> reporter: sure it's not just off the hill. some of the members on the hill. fiscal conservatives are once again whispering, in some cases outwardly and openly explaining about house speaker john boehner and his handling of the negotiations with the white house. john boehner's proposal to increase revenue $800 billion by closing tax loopholes and reforming the code has real problems for some house republicans, most of whom actually campaigned promising to at least hold the line if not cut taxes. this week john boehner tossed four con s*efr teufs known fo conservatives offer key committees. the budget committee and the financial services committee. those four members are complaining but their removal from the committee and john boehner's proposal are supported by
cliff deal with the white house. outside conservative groups are voicing their displeasure saying speaker john boehner could even lose his speakership. carl cameron joins us live in washington. so he has a lot of problems with conservatives right now, car. >> reporter: sure it's not just off the hill. some of the members on the hill. fiscal conservatives are once again whispering, in some cases outwardly and openly explaining about house speaker john boehner and his handling of the...
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shoots down the republican's offer to avoid the fiscal cliff. is he really looking to compromise or is it the president's favorite deal no deal at all? laura ingraham weighs in live from washington in moments. >> brian: the dare program teaches kids about the dangers of drugs, won't talk about pot anymore. the reason? kids will smoke it anyway. they're giving up. really? really? "fox & friends" starts now. >> steve: that is something that they're scratching pot off the list. >> brian: it's legal now in some states and people are making believe they have illnesses so they can smoke it and buy it with prescriptions. >> gretchen: you don't have to make anything up. you can say you have a headache. >> brian: in colorado? can you write a -- you can't, but could dr. siegle? >> steve: for medical marijuana. >> brian: in new york? >> steve: i bet he could if if were legal here. >> gretchen: he was going to sew up your coat and so much more earlier today. >> brian: i don't need a surgeon necessarily. >> gretchen: let's get to your headlines. fox news ale
shoots down the republican's offer to avoid the fiscal cliff. is he really looking to compromise or is it the president's favorite deal no deal at all? laura ingraham weighs in live from washington in moments. >> brian: the dare program teaches kids about the dangers of drugs, won't talk about pot anymore. the reason? kids will smoke it anyway. they're giving up. really? really? "fox & friends" starts now. >> steve: that is something that they're scratching pot off the...
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with the white house and congress on the fiscal cliff. hear the new proposal from congressman paul ryan and senator mark rubio. >> steve: will he work with the liberal media. president obama extends extra special invites for sit down with liberal gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and friends". >> steve: you must be conflicted today. >> brian: in what way? >> steve: we have coach k on and any time we have peitro, the super model who has been a friend of your manies, many years. >> brian: i am looking forward to nick rangon. >> gretchen: you will have to duke me out for it then. >> brian: you start with him in 10 minutes. >> gretchen: you want to trade coach for nick it will coach you. >> brian: and edrolins to be named later. >> gretchen: and i always like rolins. >> brian: pet up with us. she was a young super model. >> gretchen: does she know she was off y
with the white house and congress on the fiscal cliff. hear the new proposal from congressman paul ryan and senator mark rubio. >> steve: will he work with the liberal media. president obama extends extra special invites for sit down with liberal gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and...
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to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one of the reasons why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts. to avert this crisis. >> now, to be fair, speaker boehner did not want to lay out a bunch of spending cuts on camera, at least. he says he will save those discussions, those negotiations for his talks with the president. shep. >> shepard: those are always behind closed doors, those spending cut talks. mike emanuel at the rotunda at the russell building. thanks. if you win tonight's power ball jackpot you can stop worrying about anything washington does go. out and buy your own country and make your own laws. tonight's jackpot is now $550 million. that's a record for power ball and the second highest lottery jackpot ever in our country. lottery officials say tickets are selling at a rate of, get this: 130,000 tickets per minute. and a lot of people say they already know what they are going to do if they win. >> i would go away and hide for a little bit. >> some
to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one of the reasons why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts. to avert this crisis. >> now, to be fair, speaker boehner did not want to lay out a bunch of spending cuts on camera, at least. he says he will save those discussions, those negotiations for his talks with the president. shep. >> shepard: those are always...
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reaches a fiscal cliff. at that rate, talks are going slow. the u.s. seems poised to go over the edge. wendell goler live at the white house. okay, does everyone have like the calendar in front of them realizing what the date actually is? >> it's a high stakes poker game. each side waiting for the other to show its cards. the white house demanding republicans say how much they're willing to raise taxes and republicans demanding the white house list the spending cuts. democrats are willing to accept. there is, as you say, less than month before the deadline and realistically, there may be less time than that given the need for congress to actually write legislation. house speaker john boehner said on fox news sunday, right now they've got nothing to start with. >> i would say we're nowhere, period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they've actually asked for more rev
reaches a fiscal cliff. at that rate, talks are going slow. the u.s. seems poised to go over the edge. wendell goler live at the white house. okay, does everyone have like the calendar in front of them realizing what the date actually is? >> it's a high stakes poker game. each side waiting for the other to show its cards. the white house demanding republicans say how much they're willing to raise taxes and republicans demanding the white house list the spending cuts. democrats are willing...
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cliff talks. all tomorrow on fox news sunday, check your local listings for the time and channel in your area. >> heather: wicked weather out west pounding parts of northern california for a second day in a row. the rain soaked area bracing for more stormy weather today. new warnings of potential mudslides and flash floods after yesterday's system washed out streets, brought down power lines, knocking out electricity to thousands. dominic is live for us with the latest. dominic? >> hi there. worst yet to come. this third storm coming through overnight tonight. no one really sure quite should have water it's going to drench the region with. we had two major storms come through that dumped so much, that we've seen flooding everywhere. first person reports coming in of probably being damaged, particularly down in fulsome where a park became flooded and the water gushed through people's homes. here is one of the residents affected by that. listen to what he saw. >> i don't have carpet. >> it clogged u
cliff talks. all tomorrow on fox news sunday, check your local listings for the time and channel in your area. >> heather: wicked weather out west pounding parts of northern california for a second day in a row. the rain soaked area bracing for more stormy weather today. new warnings of potential mudslides and flash floods after yesterday's system washed out streets, brought down power lines, knocking out electricity to thousands. dominic is live for us with the latest. dominic? >>...
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so the fiscal cliff is looming. there are a the lo of people who say the republicans need to stand together and if the president isn't gog deal fairly and offer up some spending cuts and talk about entitlement reform, the republicans need to be willing to hole hands and jump off the fiscal cliff with the president. are you ready? >> we would prefer that didn't happen. there are a lot of bad outcomes. you got a lot of analysis that's been done, ernst says if we go over the fiscal cliff or raise taxes it will cost us over 700,000 jobs, reduce economic growth, lower take home pay, all those things. that's a bad scenario. the president has made it very clear, tim geithner, his treasury secretary said a couple days ago, absolutely we're ready to go over the cliff. republicans don't think that's the solution. but i do think that if he gets what he wants, he gets higher taxes, he gets defense cuts, if we go over the cliff. so i don't think there is a lot of incentive on the president's part right now to be at the table to
so the fiscal cliff is looming. there are a the lo of people who say the republicans need to stand together and if the president isn't gog deal fairly and offer up some spending cuts and talk about entitlement reform, the republicans need to be willing to hole hands and jump off the fiscal cliff with the president. are you ready? >> we would prefer that didn't happen. there are a lot of bad outcomes. you got a lot of analysis that's been done, ernst says if we go over the fiscal cliff or...
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Nov 29, 2012
11/12
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it will be such a shock to the system that it has been called the fiscal cliff. our coverage starts on the white house lawn tonight with major garrett. major. >> reporter: scott, the saesident said for the first time, there is a two-step process to averting the fiscal cliff. republicans must act now to prevent a tax increase for households earning less than $250,000. do that now, president obama said, and he and congress can work out the details of spending cuts later. ( applause ) before a crowd of supporters, the white house invited from the mid-atlantic region, president obama put congressional republicans on notice. >> it's too important for washington to screw this up. now is the time for us to work on what we all agreed to, which is lets keep middle class taxes low. that's what our economy needs. that's what the american people deserve. gd if we get this part of it right, then a lot of the other issues surrounding deficit reduction in a fair and balanced, responsible way are going to be a whole lot easier. >> reporter: white house officials say mr. obama is
it will be such a shock to the system that it has been called the fiscal cliff. our coverage starts on the white house lawn tonight with major garrett. major. >> reporter: scott, the saesident said for the first time, there is a two-step process to averting the fiscal cliff. republicans must act now to prevent a tax increase for households earning less than $250,000. do that now, president obama said, and he and congress can work out the details of spending cuts later. ( applause ) before...
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to ourtop story tonight, speaker boehner and house republicans are rolling out eir fiscal cliff counteroffer to the white house. includes $800 billio in new tax revenue. that is roughly half what the president was aiming for. 300 billion in dcretionary spending cuts. 900 billion in mandatory spending cuts. now the whi house responding just moments ago saying quote, the republican letter released today does not meet the test of balance. they don't like it. i'm joined by da mitch chill from the cato institute for more on this. dan what do you think. these are a lot of things to occur just in the past few hours. do you feel like ere is progress being made? >> there is progress but progress in the wrong direction. the number on thing to understand alrdy even if all the tax cuts were made permanent, tax revenues projected to grow by 6.2% a year. so what they're really debating about how much should it grow even faster than that in order to enable bigger government. 100% of our fiscal problem is on the spending side. obama is being very inflexible on that. republicans i'm afraid will get taken to
to ourtop story tonight, speaker boehner and house republicans are rolling out eir fiscal cliff counteroffer to the white house. includes $800 billio in new tax revenue. that is roughly half what the president was aiming for. 300 billion in dcretionary spending cuts. 900 billion in mandatory spending cuts. now the whi house responding just moments ago saying quote, the republican letter released today does not meet the test of balance. they don't like it. i'm joined by da mitch chill from the...
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Dec 4, 2012
12/12
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democratic caller in new york, what the make of the house gop. don the fiscal cliff? caller: would like to add something on the matter of taxes. it has been recommended, some years ago by a wall street banker, to have a 1% wealth tax from capital accumulation. someone that house $100,000 would pay $1 and dollars. a flat tax with everyone in. -- would pay $1,000. the good raise a tremendous amount of money even if the income tax rates went down. and this wondering if anyone would be in favor of such a tax. it would be a flat tax. as far as social security is concerned, i do not hear anything about the amount being raised. i think it is $110 and they could easily raise that and raise money there. -- i think it is $110,000. everyone under the wealth accumulation tax would pay that during their lifetime. i just wanted to throw that out as a possibility. host: and other baubles from the york. -- another bob. caller: and is wondering why the rich cannot pay their fair share. i live in upstate new york. the toll is at $10 and because i do not have some kind of sticker on my
democratic caller in new york, what the make of the house gop. don the fiscal cliff? caller: would like to add something on the matter of taxes. it has been recommended, some years ago by a wall street banker, to have a 1% wealth tax from capital accumulation. someone that house $100,000 would pay $1 and dollars. a flat tax with everyone in. -- would pay $1,000. the good raise a tremendous amount of money even if the income tax rates went down. and this wondering if anyone would be in favor of...
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Dec 7, 2012
12/12
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this comes as the first jobs report since the election exceeded expectations. the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the republicans right now in the house of representatives ha
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this...